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Never trade big if know nothing or just because somebody saying is bullish. trade only your extra money .If lucky you may win but most of the time one will loss. It take time to learn how to trade and lot of discipline to develop a skill that is tailor to oneself . since everyone have it's greed and fear . some can lost million and will not scare some may be scare even lost a thousand or some may take profit on thousand and some may only take profit if is on million.

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56 minutes ago, tombone said:

Never trade big if know nothing or just because somebody saying is bullish. trade only your extra money .If lucky you may win but most of the time one will loss. It take time to learn how to trade and lot of discipline to develop a skill that is tailor to oneself . since everyone have it's greed and fear . some can lost million and will not scare some may be scare even lost a thousand or some may take profit on thousand and some may only take profit if is on million.

that is true. when I started investing in stock market, i lost money. i lost money also in forex  trading. investing before is very difficult because of no internet. unlike today , winning in trading is easier because of availablity of info of the stocks especially the volatility. now i feel more comfortable in investing.

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Know how to cut loss in trading if wrong on the bet deal with the loss early , always keep loss small and winning big . easily said than done most of the worst trading is not cutting the loss , if one loss too much on once capital is hard to get back confident and even money to take the next trade, there a lot of great story and wining story that make one think that is so easy to trade , is not  . 

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On 12/17/2021 at 9:22 PM, iam222 said:

Yup I thought it was a goner hopefully next week we'll see 

Congrats on your $SPNEC. Bought this a little later than the IPO day (Jan 10). Now, since we are sitting on a huge cushion, I am just trailing it. Good catch btw!

Yesterday, I was just watching if ATH level will hold @ 1.50 (benchmark). Good close on volume, best scenario is blue skies. Now on momentum stage, so I pass on $HTI for this same reason, even though I know that it was a stock in play today (it's a little bit tough to manage both momentum stock, especially if you have quite a huge volume on it and have work today). Any spikes on volume, I'll try to reduce some, to book some gains. 

 

Here's some reason why do I bought it:

- Liquidity (follow where the smart money is)

- Uptrending name (I like names that falls under ATH, 52WH, near 52WH or near ATH, formed a good base)

- Room for growth 

- Leader name (I like names that holding the drop/names that making new highs; sign of strength). It's the #1 energy name.

- If you are looking on the US markets too, you might have seen that one of the groups moving is Energy.

 

In terms, of managing position, I am just trailing it. Following price, my plan, and have a mindset of "anything can happen". I'm not stuck on my computer screen, btw. Was not my style ever since, I just place an alert above my stop, and look at it when alarms were sent. Good morning! :D

 

 

 

Edited by ichiromiyata98
for clarity
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